I am doing some self study (preparing for ACCA!) and I have come across entering CIS on Sage. My practice data is on standard VAT. The more I've thought of it the more I've given myself brain overload I think!
The CIS voucher I have is payable to my 'practice data'. So my dummy company is the sub contractor so to speak. Do I post this as a sales invoice? and if so where should I record the CIS?
I work for a construction company and operate CIS, i don't have a seperate CIS module but have set up a CIS Tax Receivable and CIS Tax Payable in the bank account module and post payments etc... here.
This works well and would recommend this if you dont want to pay for a seperate CIS module.